(RS) Reliance Steel complete technical analysis [charts+indicators] | Buy/Sell Reliance Steel | (RS) share price targets
Complete technical analysis of Reliance Steel (RS) by charts plus indicators, forecast predictions and share price targets for Reliance Steel (RS)
Reliance Steel trades in USA in Basic Industries sector.
Showing technical analysis as on 2024-01-22 View latest technical analysis
10 day averaged volume of Reliance Steel is 181910
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 283.37 | 278.47 | 283.40 | 278.13 | 1.274 times |
| 19 Fri Jan 2024 | 278.84 | 280.92 | 280.92 | 276.70 | 0.905 times |
| 18 Thu Jan 2024 | 280.29 | 280.67 | 281.51 | 279.20 | 0.916 times |
| 17 Wed Jan 2024 | 278.85 | 275.96 | 280.09 | 275.00 | 0.715 times |
| 16 Tue Jan 2024 | 278.59 | 281.08 | 281.48 | 278.59 | 1.34 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.736 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.736 times |
| 11 Thu Jan 2024 | 280.82 | 277.49 | 280.92 | 276.40 | 1.264 times |
| 10 Wed Jan 2024 | 277.00 | 276.56 | 277.76 | 275.01 | 1.04 times |
| 09 Tue Jan 2024 | 277.49 | 282.59 | 282.59 | 276.82 | 1.048 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 282.5, but if it comes below 282.5, then a intra day sell could be more profitable.
If you take a sell trade below 282.5, then use 282.5 as stoploss and 280.18 as target. However if you take a buy trade in stock , then use 282.5 as stoploss and 285.2 as target.
Share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Target | 237.14 |
| Downside Target | 253.71 |
| Downside Target | 259.45 |
| Downside Target | 267.60 |
| Downside Target | 273.88 |
| Downside Target | 282.49 |
| Downside Target | 282.83 |
| Upside Target | 283.40 |
| Upside Target | 284.33 |
| Upside Target | 284.86 |
| Upside Target | 288.40 |
Intraday share price targets for Reliance Steel (RS)
| Target Type | Value |
| Downside Intraday Target | 279.87 |
| Downside Intraday Target | 276.36 |
| Upside Intraday Target | 285.14 |
| Upside Intraday Target | 286.9 |
| Downside Intraday Target | 281.63 |
Weekly technical analysis of Reliance Steel (RS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 283.37 | 278.47 | 283.40 | 278.13 | 0.329 times |
| 19 Fri Jan 2024 | 278.84 | 281.08 | 281.51 | 275.00 | 5.269 times |
| 12 Fri Jan 2024 | 281.97 | 281.75 | 282.83 | 278.77 | 0.136 times |
| 12 Fri Jan 2024 | 281.97 | 277.99 | 284.86 | 274.56 | 1.044 times |
| 05 Fri Jan 2024 | 277.64 | 278.77 | 282.49 | 273.88 | 4.981 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Reliance Steel (RS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 22 Mon Jan 2024 | 283.37 | 278.77 | 284.86 | 273.88 | 0.561 times |
| 29 Fri Dec 2023 | 279.68 | 276.40 | 284.33 | 261.77 | 0.865 times |
| 30 Thu Nov 2023 | 275.26 | 254.41 | 275.98 | 253.71 | 0.79 times |
| 31 Tue Oct 2023 | 254.38 | 261.18 | 267.60 | 237.14 | 1.127 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Reliance Steel (RS)
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Reliance Steel ( (RS) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Reliance Steel ( (RS) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Reliance Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Reliance Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 279.9 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Reliance Steel (RS) stock. Volume based technical analysis of Reliance Steel (RS) stock is negative.
Reliance Steel Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Reliance Steel ( (RS) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Reliance Steel ( (RS) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Reliance Steel ( (RS) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Reliance Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Reliance Steel in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Reliance Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Reliance Steel in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Reliance Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 279.9 and Reliance Steel (RS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Reliance Steel (RS) stock. Volume based technical analysis of Reliance Steel (RS) stock is negative.
Reliance Steel Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.